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December 30, 2021

The BSE sensex closed the shop at 57,794 DOWN by 12 points and the Nifty close the day at 17,203 by Loosing 9 points. m

On them Upside: NTPC, Indusind Bank, HCL tech, Titan
On the downside- Bajaj auto, Reliance, Jsw Steel, Tatasteel

Tech View:- Morning Session, We have seen indices has open 50 point low, Due to Omicron variant cases increase past few days. In the start of the session The BSE Sensex was nearly 50 points lower at 57,755, while the Nifty50 was around 17,200-Mark Soon after Market has cover the loss and touched day high 58010.
Indian Vix:- was rise around 2% closed 16.57.
Sectoral, The BSE Midcap was down 0.2 per cent, while the Smallcap was up 0.3 per cent. Nifty IT, Nifty CPSE close with gain of 1 1 %, respectively.
Nifty have formed a Bullish hammer pattern candle on daily chart, Which clearly indicate Nifty have seen recovery from bottom, Therefore ; Going forward immediate hurdle will be 17350-17450 and 17000-17150 will stay as support.

European & USA markets: @ IST 4:45 European markets were trading at Negative note. Where the Germany’s DAX trading Negative by 0.78 %, Other hand France’s CAC40 index running Positive by 0.19% where, England’s FTSE100 index Negative by 0.05%.
Where; wall street @ IST 04:45 The DOW future contract trading Positive 9 points, S&P 500 Future trading Positive 5 points, Where; Nasdaq100 future Positive 23 points.



Global News Analysis:

CHINA- China’s factory activity likely neither grew nor shrunk in December, a Reuters poll showed, amid disruptions from COVID-19 outbreaks and as the economy lost momentum in the fourth quarter.
LONDON -HSBC said on Thursday it had received regulatory approval in China to take full ownership of its life insurance joint venture in the country, as it continues to expand its non-core banking services.
SPAIN – Spanish consumer prices in December rose 6.7% from the same month last year, the fastest annual pace of inflation since 1989, flash data from the National Statistics Institute (INE) showed on Thursday.
Europe -Inflation in the euro zone could very well exceed the European Central Bank’s (ECB) current projections for the coming years, ECB governing council member Klaas Knot said in an interview published on Thursday.

Russia’s:- service sector contracted for a third straight month in December as the volume of new orders shrank, while business confidence fell to its lowest level in more than a year, a business survey showed on Thursday.